The Smith household has apparently not received the memo that M. Night Shyamalan should not be writing or directing movies. Back in October, we reported that Will Smith had signed on to star in Shyamalan’s sci-fi project One Thousand A.E. and that Smith’s son Jaden may co-star. We have now received a press release announcing that the film has lost its title but gained a tiny Smith.

The script (written by Shyamalan and Gary Whitta) is set 1,000 years in the future and has a young boy (Jaden) navigating an abandoned and sometimes scary Earth to save himself and his estranged father (Will) after their ship crashes. Apparently the Smith family wants to test how strong their charisma can carry a film over inert directing and awful screenwriting. Hit the jump for the press release.

Here’s the press release:

JADEN SMITH TO STAR WITH WILL SMITH IN

AN UNTITLED SCIENCE-FICTION ADVENTURE FOR COLUMBIA PICTURES

AND DIRECTOR M. NIGHT SHYAMALAN

CULVER CITY, Calif., April 4, 2011 – Jaden Smith is set to star opposite his father, Will Smith, for director M. Night Shyamalan in an untitled sci-fi adventure, it was announced today by Doug Belgrad, president of Columbia Pictures. Shyamalan and Will Smith will produce with James Lassiter, Jada Pinkett Smith and Ken Stovitz, Smith’s partners at Overbrook Entertainment. The screenplay is by M. Night Shyamalan and Gary Whitta.

Set 1,000 years into the future,a young boy navigates an abandoned and sometimes scary Earth to save himself and his estranged father after their ship crashes.

Commenting on the announcement, Belgrad said, “Night is an outstanding filmmaker who has a tremendous vision for this science-fiction adventure story and we couldn’t be more excited to be working again with Jaden after our experiences on The Pursuit ofHappyness and The Karate Kid. We’re thrilled to have the two of them together on this project.”

Shyamalan added, “The chance to make a scary, science-fiction film starring Jaden and Will is my dream project.”

JADEN SMITH is the twelve-year-old son of Will and Jada Smith. He most recently starred in the worldwide blockbuster The Karate Kid, which took in more than $350 million. Smith was nominated for a Teen Choice Award, an Image Award, and a Black Reel Award for his role. Prior to The Karate Kid, Smith starred opposite Keanu Reeves and Jennifer Connelly in The Day the Earth Stood Still and won the 2009 Saturn Award for Best Performance by a Young Actor for his role in the film. He made his debut performance opposite his father in The Pursuit of Happyness, garnering an MTV Movie Award for Breakthrough Performance, a Phoenix Film Critics Society Award for Best Performance by a Youth in a Lead or Supporting Role – Male, a Black Reel Award, and nominations by the Broadcast Film Critics Association, the NAACP Image Awards and the Teen Choice Awards.

M. NIGHT SHYAMALAN has directed nine feature films: Praying with Anger, WideAwake, The Sixth Sense, Unbreakable, Signs, The Village, Lady in the Water, TheHappening, and The Last Airbender. The astronomical success of his chilling psychological thriller The Sixth Sense catapulted Shyamalan into the stratosphere of being one of the most sought after young filmmakers in Hollywood. The Sixth Sense has become one of the highest grossing films of all time and received a total of six Academy Award® nominations, including one for Best Picture, and two for Shyamalan for Best Director and Best Original Screenplay. His most recent film, The LastAirbender was a worldwide hit, taking in more than $319 million globally.